A company which provides start-ups with seed capital – up to £100,000 per team – office space, workshops, travel and mentoring is moving into premises in the heart of Newcastle.
Property adviser BNP Paribas Real Estate, acting on behalf of Metnor, has agreed a letting to Ignite100 at Generator Studios, on Trafalgar Street, Newcastle Ignite100, a mentorship-led accelerator programme for start-ups, has secured 2,270 sq ft on the ground floor. Teams can also take advantage of an alumni network and a follow-on incubator programme.
Jamie Mableson of Metnor said: “We have let 14,000 sq feet of space in Generator Studios in the past 15 months, as the market continues to improve in the city centre.”
Tristan Watson of Ignite100 said: “Generator Studios has everything we need for the companies to thrive and grow, and it’s really inspiring to have so many exciting businesses as neighbours in the building.”
Aidan Baker of BNP Paribas Real Estate Newcastle: “Ignite100 chose this building due to its contemporary design and innovative working space, coupled with its central location, making it easily accessible for start-ups to attend its programme.”
Generator 1, a Grade II Listed building was developed in 2004 and became a hub for creative industries. Generator 2, the 26,000 sq ft Grade A office expansion of Generator 1 in Trafalgar Street, Newcastle was completed in 2009.